Top Indian crypto exchanges see a 207% surge in trading volumes in Ma

Crypto trading volumes across top Indian exchanges have cumulatively jumped by over 207 percent month-on-month (MoM) between February and March 25, reflecting a significant increase in trading activity in the last few days as the Bitcoin price rally continued.

The top three exchanges, including WazirX, CoinDCX, and Zebpay, have collectively surpassed trading volumes of over $584 million in March, compared to $189.91 million at the end of February, according to data from the crypto trading firm CREBACO Global, exclusively accessed by Moneycontrol.

For crypto investment platform CoinSwitch, while trade volumes increased by 36 percent MoM from January to February, by March, it shot up by over 200 percent, the crypto unicorn told Moneycontrol.

Industry insiders, however, said that these numbers are still far from the frenzy seen in the previous bull run in 2021, during which crypto trading volumes had crashed globally, including in India, driven by FTX’s downfall, regulatory concerns, and high taxes.

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